PC LICENSE EXAM - PRACTICE TEST QUESTIONS

PDF Download P&C LICENSE EXAM - PRACTICE TEST QUESTIONS Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -73 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: T/F - Freezing or road damage is specifically listed in the policy as being other than collision losses

Answer:

False Question 2: The insured is moving his lawn when a stranger is noticed in the backyard. The stranger claims to be a substitute delivery person. Several days later, a gold watch can not be found. What describes the loss?

Answer:

Mysterious disappearance Question 3: T/F - Weight of ice, snow, or sleet is a covered cause of loss under the HO-2 Broad Form

Answer:

True Question 4: What best describes the CGL's general aggregate limit as it applies to the coverage parts of the CGL?

Answer:

Coverage A, B, and C apply in sum and are the most that will be paid subject to the general aggregate limit

Question 5: T/F - The employer while insured is driving a company car is considered an insured under Part A Liability Coverage of the personal auto policy

Answer:

False Question 6: In legal terms, the actions by one party might have the effect of giving up a known right. When this occurs, the party has created which of the following?

• Unilateral Contract
• Representation
• Warranty
• Wavier

Answer:

Waiver Question 7: Which of the following coverage provisions would not be found in an unendorsed Dwelling policy form?

• dwelling
• other structures
• liability
• personal property

Answer:

Liability Question 8: Does An auto not titled to an insured but available for regular use of named insured or family member describe a non owned auto under the commercial auto policy symbol 9?

Answer:

No Question 9: Part three of the Worker's Compensation and Employer's liability policy describes what?

Answer:

Other States Insurance Question 10: Does insuring an engagement ring given to fiancee demonstrate an insurable interest?

Answer:

No

Question 11: What is the purpose of the causes of loss form that lists specific exclusions?

Answer:

To state which perils are insured against Question 12: Under the Equipment Breakdown coverage form, which of the following causes of damage to covered equipment would not be a covered "breakdown"?

• Electrical Failure, including arcing
• Leakage at any valve, fitting, shaft seal, gland packing, joint, or connection
• Failure of pressure or vacuum equipment
• Mechanical failure, including rupture or bursting caused by centrifugal force

Answer:

Leakage at any valve, fitting, shaft seal, gland packaging, joint, or connection Question 13: What homeowners form is the most appropriate for older homes with replacement values hat may far exceed their market values?

Answer:

HO-8 Question 14: Under which part of a Worker's Compensation and Employers Liability policy would you find a description of employers liability coverage provided?

Answer:

Part Two Question 15: ________ limits of insurance on the dwelling are available and apply to Coverage D-Fair Rental value

Answer:

20% Question 16: Can Mobile Homes be insured with a mobile homeowners endorsements to a HO-3 form?

Answer:

Yes

Question 17: What exposure is unique to Mobile homes?

Answer:

Loss from Collision Damage

Question 18: Which of the following would be covered under the building coverage of the building and personal property coverage form? (2 answers)

• Inventory stored at the insured's warehouse
• An addition to the insured's store on which construction has just begun
• Fire extinguishers located in the insured's factory
• Office furniture and supplies kept in the insured's building

Answer:

• An addition to the insured's store on which construction has just begun
• Fire extinguishers located in the insured's factory

Question 19: Not a common exclusion in a liability policy

Answer:

damage caused by acts of civil disobedience and riots Question 20: A woman slips on icy steps and breaks her leg. What is the peril in this situation?

Answer:

the fall

Question 21: Which Homeowners form covers tenants?

Answer:

HO-4 Question 22: Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee?

Answer:

Spouse of Employee Question 23: Part one of the Worker's Compensation and Employer's liability policy describes what?

Answer:

The WC Coverage Question 24: T/F - Losses due to the destruction or confiscation by civil authorities are excluded losses under Part D - damage to an auto of the personal auto policy

Answer:

True